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General Ledger
A comprehensive record of all financial transactions over the life of an organization, serving as the primary source for preparing financial statements.
Factory Overhead
Indirect costs incurred during the manufacturing process, not directly tied to the production of goods, such as utilities or salaries for management.
Actual Factory Overhead
The total of all indirect manufacturing costs that have been incurred during a specific period.
General Ledger Account
The main accounting record of a company that uses double-entry bookkeeping, containing all the financial transactions.
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